N1.2bn fraud: Court grants ex-CBN governor Emefiele N300m bail

Justice Hamza Muazu of the Federal Capital Territory High Court Abuja, on Wednesday has granted the immediate past Governor of the Central Bank, Mr Godwin Emefiele, bail in the sum of N300 million and two sureties in like sum.

The sureties must have certificates of occupancy and titles of properties within the Maitama District.

Emefiele is mandated to deposit all his travel documents with the registrar of the court and must remain within the Abuja Municipal Council.

The court adjourned till November 28 for the commencement of trial.

He is expected to remain in Kuje Correctional Centre pending when he meets the bail conditions.

This comes four months after the Federal High Court Sitting in Lagos granted him bail in the sum of N20 million

The Federal Government, last Friday, arraigned Emefiele on a six-count charge bordering on alleged procurement.

Consequently, Emefiele was remanded in Kuje prison last week.